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Jindal Stainless delivered a strong Q3 FY26 performance, with consolidated Net Revenue rising 6% year-on-year to INR 10,518 crore. Profit after Tax (PAT) surged 27% YoY to INR 828 crore, while EBITDA grew 17% YoY to INR 1,408 crore. Sales volumes reached 650,000 Metric Tonnes, an 11% YoY increase, primarily driven by robust domestic demand (95%).
The company is strategically focused on capacity expansion, aiming for 4.2 million tonnes of annual melt capacity by FY27, while leveraging integrated operations for cost efficiency. Demand remains healthy across key sectors like Automobiles, Pipes & Tubes, Railways, and Infrastructure, supported by festive season uplift and GST rate cuts.
Recent market developments include the new BIS standard IS:17900, expected to boost quality material consumption, and increased stainless steel adoption in railways, particularly with Vande Bharat sleeper trainsets and Amrit Bharat coaches. Management holds a positive outlook for Q4 FY26, anticipating sustained demand and strengthening industry growth from emerging applications in process industries.